Top Green Hydrogen Companies: Propelling the Clean Energy Transition

Many nations share the goal of decarbonizing the globe by 2050. Decarbonizing the synthesis of an element like hydrogen, which results in green hydrogen, is essential to accomplishing this. Well, let’s discover how this is executed and what its influence will be in the forthcoming decades. Also, did you know the global green hydrogen market was valued at USD 4.24 billion in 2023 and is expected to grow to USD 95.14 billion by 2032 at a CAGR of 41.3% during the forecast period?

In this blog, we will discuss green hydrogen and the top green hydrogen companies operating in the industry.

What is Green Hydrogen?

A sustainable and clean energy source is green hydrogen. Green hydrogen has the potential to be highly significant as people search for fossil fuel substitutes. Green hydrogen is the term for hydrogen gas produced by electrolysis with the use of renewable energy sources, including solar or wind power. It is regarded as "green" because, in contrast to conventional techniques that depend on fossil fuels, the production process produces no greenhouse gas emissions.

Also, green hydrogen differs from other kinds of hydrogen, such as gray or blue hydrogen, primarily because the electricity used in the electrolysis process comes from renewable energy sources, primarily solar and wind power.

Top Green Hydrogen Companies

The market for green hydrogen is characterized by intense rivalry as companies try to take advantage of the growing need for environmentally friendly energy sources. Both well-established multinational companies and start-up entrepreneurs compete for dominance in the green hydrogen industry. Here are some of the top green hydrogen market leaders:

1. Air Liquide

French multinational Air Liquide provides industrial gases and services to a range of industries, including chemical, electrical, and medical producers. Established in 1902, with activities in more than 80 countries, it ranks as the second-largest provider of industrial gases by revenue.

Air Liquide's head office is in Paris. It also has major sites in Houston, Japan, Delaware, Newark, Shanghai, Frankfurt, and Dubai.

2. Air Products Inc.

Leonard Parker Pool established Air Products in 1940 in Detroit with the goal of providing on-site production and sales of various types of industrial gas. Moreover, Air Products provides atmospheric industrial gases, such as nitrogen, oxygen, hydrogen, argon, and carbon dioxide, process and specialty gases, performance materials, and chemical intermediates to clients in the technology, energy, healthcare, food, and industrial sectors globally.

3. Cummins Inc.

An American multinational company called Cummins Inc. is one of the top green hydrogen companies. It develops, produces, and markets power generation, filtration, and engine products.[2] Cummins also maintains engines and associated machinery, such as trucks, fuel systems, controls, air handling, filtration, pollution control, and electricity-producing systems. With its main office in Columbus, Indiana, Cummins distributes its products to about 190 nations and territories.

4. Siemens Energy

Siemens Energy AG is an energy firm created by spinning off Siemens's previous Gas and Power division. It owns all of Siemens Gamesa. Joe Kaeser, a former CEO of Siemens AG, is the chairman of the supervisory board, and Christian Bruch is the CEO.

5. Uniper SE

Based in Düsseldorf, Germany, Uniper SE is a worldwide energy corporation that has been owned by the state since late 2022. In terms of revenue, it is the largest energy corporation globally.

The Closure

As the cost of electrolysis technology and renewable energy drops, the green hydrogen market is anticipated to expand. The top green hydrogen companies use their resources and knowledge while creative upstarts advance new ideas and technological advancements.